GBPUSD LOOKING FOR SOLID GAINS ABOVE 1.3966
The British pound remains strongly bullish against the greenback on Thursday, with price-action still well bid above the key 1.3920 level. The GBPUSD currently trades around the 1.3970 level, with sterling buyers yesterday meeting demand around the 1.3920 region, which represents the pairs key monthly pivot point. GBPUSD buyers continue to press for further gains above the 1.3966 level, whilst sellers look for sustained intraday weakness below the 1.3920 level.
The GBPUSD pair is intraday bullish whilst trading above the 1.3920 level, key resistance is found at the 1.4000 and 1.4066 levels.
Should the GBPUSD pair move below the 1.3920 level, sellers will then likely target the 1.3889 and 1.3833 support levels.